Rackspace Technology Migrates FINCAD Application Resulting in Better Performance, More Automation and Streamlined Management ...
May 13 2021 - 11:05AM
Rackspace Technology® (NASDAQ: RXT), an end-to-end, multicloud
technology solutions company, announced today its collaboration
with FINCAD, a global provider of multi-asset valuation and risk
analytics for derivatives and fixed income, to migrate its legacy
application to Amazon Web Services (AWS) for better performance,
more automation, and streamlined management.
FINCAD, a Canadian financial services company, builds software
designed to value financial derivatives serving both retail and
institutional investors, including banks, insurance companies and
hedge funds. The software helps investors make informed investment
and risk decisions with on-demand calculation and analysis of
derivatives, alternative reference rates and pricing
verifications.
FINCAD partnered with Onica, a Rackspace Technology company and
an AWS Premier Consulting Partner, to provide support and guidance
through the migration of FINCAD’s web application allowing it to
run on more performant hardware, modernize the application, and
integrate automation to streamline management.
“Taking an outcome-based, customer-focused approach, Rackspace
Technology delivered FINCAD the technical assistance it needed to
lift and shift its application to AWS, along with the tools and
training required to manage and grow our environment into the
future,” said Timothy Lee, Head of Support and Hosted Applications
Operations at FINCAD. “The new environment, infused with automation
and built on a modernized infrastructure, reduces errors, increases
productivity and cuts costs for the FINCAD Hosted Operations
team.”
In addition to the application migration, FINCAD is using the
technology and knowledge gained from their Rackspace Technology
engagement to move more elements to the cloud.
“Providing a Fanatical Experience is more than just technical
execution; it’s setting customers up for success. Though FINCAD
engaged for migration assistance, the Rackspace Technology team dug
deeper to help the team simplify workflows and apply security,
compliance and disaster recovery best practices,” said Jeff
Deverter, CTO, Solutions at Rackspace Technology. “Beyond the
technical aspects of moving the application to the cloud, Rackspace
Technology also provided in-depth training with customized training
modules to ensure that FINCAD could manage and optimize its AWS
environment after the project handoff.”
About Rackspace TechnologyRackspace Technology
is a leading end-to-end multicloud technology services company. We
can design, build and operate our customers’ cloud environments
across all major technology platforms, irrespective of technology
stack or deployment model. We partner with our customers at every
stage of their cloud journey, enabling them to modernize
applications, build new products and adopt innovative
technologies.
Media ContactNatalie SilvaRackspace Technology
Corporate Communicationspublicrelations@rackspace.com
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